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Goldman Sachs Group Inc. Chief Executive Officer David Solomon said he currently expects that the Federal Reserve won’t cut interest rates this year, amid an economy that’s proved more resilient thanks to government spending. “I still don’t see the data that’s compelling to say we’re going to cut rates here,” he said from an event at Boston College, adding ...
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post: PBoC Sets Yuan Mid-Point At 7.1098 / Dollar Vs Last Close 7.2416 - Weakest Since January Amid Dollar ReboundPBOC sets USD/ CNY reference rate for today at 7.1098 (vs. estimate at 7.2451) PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8% • 2bn mature today. • Thus neutral in OMOs today.